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Socialized prisons!

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Post by Idéfix Thu Aug 18, 2016 1:01 pm

Big government takeover! Socialism!

https://www.washingtonpost.com/news/post-nation/wp/2016/08/18/justice-department-says-it-will-end-use-of-private-prisons/?postshare=9221471534255226&tid=ss_tw&utm_term=.e128f5398f02
Idéfix
Idéfix

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Post by Hellsangel Thu Aug 18, 2016 3:41 pm

Amazing!

they will not close overnight. Yates said the Justice Department would not terminate existing contracts but instead review those that come up for renewal. She said all the contracts would come up for renewal over the next five years.
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Post by silvermani Thu Aug 18, 2016 4:07 pm

I believe some of these prisons are publicly listed companies. If they paid a good dividend and or offered scope for substantial capital appreciation, would you invest in them? I won't reflexively say "no" to this question but beyond that, I don't know. I may or may not.
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